Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$308,076$308,076$503,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$195,834$0
Funding fee$1,540$1,540$0
Note rate3.030%3.030%7.400%
Blended rate3.030%4.961%7.640%
1st payment$1,506.68$1,506.68$3,488.97
2nd payment$0.00$1,305.56$0.00
Taxes / mo$735.92$735.92$735.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$100.78
HOA / mo$4.58$4.58$4.58
Total monthly$2,413.84$3,719.40$4,496.92
Cash to close$251,824$55,990$55,990